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Manulife Investment Management Announces Portfolio Management Changes to Canadian Fixed Income Team



December 9, 2019


TORONTO – Manulife Investment Management today announced changes to the Manulife Investment Management Canadian Fixed Income team.

Terry Carr, Senior Managing Director and Chief Investment Officer of the Canadian Fixed Income team will retire on September 30, 2020, after a distinguished 33-year career in the investment industry, including 17 years at Manulife Investment Management.

Hosen Marjaee, Senior Managing Director and Senior Portfolio Manager, will also retire on March 31, 2020, after a notable 38-year career in the investment industry.

With several months before their respective retirements, the transition of responsibilities will be gradual with Mr. Carr and Mr. Marjaee continuing to be active in fund management.

“We sincerely thank Terry and Hosen for their many contributions over the years and their continued dedication to the business,” said Bernard Letendre, Head of Wealth and Asset Management, Canada. “Terry and Hosen have undoubtedly had a lasting and profound impact on our organization. At the same time, our team-based approach to senior leadership and portfolio management ensures we are continually leveraging the breadth and depth of talent across the organization.”

Roshan Thiru, Senior Managing Director and Senior Portfolio Manager, will take on the role of Head of Canadian Fixed Income. Mr. Thiru will also be added as a portfolio manager and lead the investment strategies for the funds and pools that Mr. Carr currently manages. This will ensure a smooth transition while the team continues to execute on their investment philosophy and process while seeking to provide strong results for investors.

Mr. Thiru has been a member of the Canadian Fixed Income team since joining Manulife in 2008, focusing primarily on investment grade corporate debt mandates. He is one of Manulife Investment Management’s most experienced portfolio managers with strong leadership ability and has been instrumental in managing the team's strategies during his tenure. With more than 19 years in investment management, Mr. Thiru is well positioned to lead the Canadian Fixed Income team.

Altaf Nanji, Managing Director and Head of Credit Research, will be named as portfolio manager on the strategies where Mr. Marjaee is a portfolio manager.

Andrew Gretzinger, Managing Director, has been appointed Head Trader for Canadian Fixed Income, effective March 31, 2020. His portfolio manager responsibilities will be assumed by members of the team.

“Our succession planning strategy ensures we are continually developing our investment professionals to provide a high level of consistency in the management of our clients’ assets and their experience with our organization over the long term,” said Mr. Letendre.

With average experience of over 20 years, the Canadian Fixed Income team is backed by a seasoned 12-person team with expertise across the full spectrum of the fixed-income asset class. There are more than 100 fixed income investment professionals at Manulife Investment Management globally.


About Manulife Investment Management

Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than 150 years of financial stewardship to partner with clients across our institutional, retail, and retirement businesses globally. Our specialist approach to money management includes the highly differentiated strategies of our fixed-income, specialized equity, multi-asset solutions, and private markets teams—along with access to specialized, unaffiliated asset managers from around the world through our multimanager model. Our personalized, data-driven approach to retirement is focused on delivering financial wellness in retirement plans of all sizes to help plan participants and members retire with dignity.

Headquartered in Toronto, we operate as Manulife Investment Management throughout the world, with the exception of the United States, where the retail and retirement businesses operate as John Hancock Investment Management and John Hancock, respectively; and in Asia and Canada, where the retirement business operates as Manulife. Manulife Investment Management had C$854 billion (USD$645 billion) in assets under management and administration as of September 30, 20191. Not all offerings available in all jurisdictions. For additional information, please visit our website at

1. MFC financials. Global Wealth and Asset Management AUMA as of September 30, 2019 was C$854 billion and includes C$195 billion of assets managed on behalf of other segments and C$140 billion of assets under administration.

About Manulife
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2018, we had more than 34,000 employees, over 82,000 agents, and thousands of distribution partners, serving almost 28 million customers. As of September 30, 2019, we had over $1.2 trillion (US$881 billion) in assets under management and administration, and in the previous 12 months we made $29.8 billion in payments to our customers. Our principal operations in Asia, Canada and the United States are where we have served customers for more than 100 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.


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Brooke Tucker-Reid